Maldives to get a $151.13 million waste-to-energy facility

The Asian Development Bank (ADB) has approved a $73.39 million concessional loan and grant to the Maldives government to develop a waste treatment facility using waste-to-energy (WtE) technology and disposal infrastructure for the Greater Malé region and neighbouring outer islands. The total cost of the project is $151.13 million. The Asian Infrastructure Investment Bank plans to provide a $40 million loan as co-financing. The Japan Fund for the Joint Crediting Mechanism will provide a $10 million grant to finance expenditures related to the WtE plant design and construction, contingencies, and consulting services for the certification of greenhouse gas emission reduction from the WtE plant. ADB is providing a $500,000 grant as well while the Maldives Government will contribute $27.74 million to the project.

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